ARM (NASDAQ:ARM) Trading Up 1% – Time to Buy?

ARM Holdings PLC Sponsored ADR (NASDAQ:ARM)’s stock price was up 1% during mid-day trading on Monday . The company traded as high as $364.35 and last traded at $346.39. Approximately 8,931,858 shares changed hands during mid-day trading, an increase of 4% from the average daily volume of 8,599,483 shares. The stock had previously closed at $342.93.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on ARM shares. Barclays boosted their price target on ARM from $250.00 to $360.00 and gave the company an “overweight” rating in a report on Monday, June 1st. HSBC raised ARM from a “reduce” rating to a “buy” rating and boosted their price target for the company from $90.00 to $205.00 in a report on Friday, March 20th. Jefferies Financial Group set a $290.00 price target on ARM in a report on Thursday, May 21st. Raymond James Financial reissued an “outperform” rating on shares of ARM in a report on Thursday, May 7th. Finally, Wells Fargo & Company boosted their price target on ARM from $255.00 to $410.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Twenty investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $230.04.

ARM Stock Up 1.0%

The stock has a market capitalization of $365.97 billion, a PE ratio of 412.37, a PEG ratio of 12.45 and a beta of 3.78. The company has a 50-day moving average of $224.64 and a 200 day moving average of $158.11.

ARM (NASDAQ:ARM) last issued its quarterly earnings results on Wednesday, April 1st. The company reported $0.60 EPS for the quarter. ARM had a return on equity of 12.43% and a net margin of 18.37%.The firm had revenue of $1.49 billion during the quarter. As a group, equities analysts predict that ARM Holdings PLC Sponsored ADR will post 1.12 EPS for the current fiscal year.

Insider Transactions at ARM

In related news, CAO Laura Kathleen Bartels sold 11,306 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $392.70, for a total transaction of $4,439,866.20. Following the completion of the sale, the chief accounting officer directly owned 12,135 shares in the company, valued at approximately $4,765,414.50. The trade was a 48.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider William Abbey sold 6,566 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $402.72, for a total value of $2,644,259.52. Following the sale, the insider owned 20,563 shares of the company’s stock, valued at $8,281,131.36. The trade was a 24.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 301,338 shares of company stock valued at $66,030,158 over the last ninety days.

Institutional Trading of ARM

Large investors have recently made changes to their positions in the company. Syntax Research Inc. purchased a new stake in ARM in the 1st quarter valued at $30,000. Evelyn Partners Investment Management Services Ltd purchased a new stake in ARM in the 1st quarter valued at $30,000. FWL Investment Management LLC purchased a new stake in ARM in the 2nd quarter valued at $34,000. Cassaday & Co Wealth Management LLC purchased a new stake in ARM in the 1st quarter valued at $40,000. Finally, Mcguire Capital Advisors Inc. purchased a new stake in ARM in the 4th quarter valued at $30,000. 7.53% of the stock is currently owned by hedge funds and other institutional investors.

About ARM

Arm Limited (NASDAQ: ARM) is a global semiconductor IP company best known for designing energy-efficient processor architectures and related technologies that underpin a wide range of computing devices. Founded in 1990 as a joint venture between Acorn Computers, Apple and VLSI Technology and headquartered in Cambridge, England, Arm develops the ARM instruction set architectures and core processor designs that chipmakers license and integrate into custom system-on-chip (SoC) products. The company operates a licensing and royalty business model rather than manufacturing chips itself.

Arm’s product portfolio includes CPU core families (such as Cortex and Neoverse lines), GPU and multimedia IP (Mali), neural processing units (Ethos) and a suite of system and physical IP blocks.